Exit Strategy: When do you plan to sell the property?

Quote from @Kristin Vegas: @Drew Sygit at this moment i have a vacant house and march will be 3 month vacant, i was told by my management guy that there were few applications and that he was going to check it but i still don't receive his response from it, today i called him to ask him about it and he said that he was gonna check them today but still no answer. 2 weeks ago he sent two applications but those were declined becasue the tenants didn't feet the criteria. i called his helper and she said that he was encharged of it but he seems to be all over the place, somethimes i think that he is just not taking the time withy properly. i'm new in this so any tip i appreciate 🙏 Another reason to start looking for a new PMC!

From my experience working with over 400 investors, I’d recommend starting with house hacking—ideally a fourplex if you find a good deal, but a duplex works too.

Pittsburgh has to be one of the best markets for house hacking so we are definitely blessed.

I appreciate the encouragement—I'm excited to learn from and connect with investors in this community.Right now, I’m primarily focused on house hacking in the LA market, but I’m open to exploring out-of-state opportunities later in my career.

The Yale Law Journal article, "Zoned Out: How Zoning Law Undermines Family Law’s Functional Turn," highlights this issue, noting that while family law has evolved to recognize diverse family structures, zoning laws have lagged behind, potentially hindering innovative housing solutions like co-living.Challenges for Co-Living InvestorsFor real estate investors interested in co-living, these restrictive definitions can lead to:Legal Barriers: Difficulty obtaining permits or approvals for co-living spaces due to non-compliance with traditional family definitions in zoning codes.Operational Challenges: Potential fines or legal disputes arising from housing arrangements that don't conform to local zoning definitions of a household.Market Limitations: Reduced ability to meet the growing demand for affordable, shared housing solutions.Advocacy for ReformThe Bloomberg article, "Why Are Zoning Laws Defining What Constitutes a Family?"

And you don’t have to pay it back when you sell, you do an exchange.

It would be like if someone prepared to sell by painting to create fresh visual interest, but chose fuscia and lime green...those colors would certainly catch the eye but I'd never claim that they overdid the curb appeal by painting with too much visual interest.

Seller has decided to walk with our EM and put the house back on the market.

If you ever decided to sell the building but keep operating the business, it makes it much easier.